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Remittance Officer cum Processer

Job Seekers Singapore Banking Operations Financial Services - Asset Management, Financial Services - Banking, Financial Services - Financial Markets, Financial Services - Fund Services, Financial Services - Private Banking

Job Summary

  • Singapore
  • Contract
  • BBBH786034
  • Jul 09, 2021
  • Competitive
Job Description

A global player in the Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services

  • Check inward swift messages MT103/MT202 and fax/email instructions to process Inward remittances.
  • Email to customers with the inward swift messages on the credited funds
  • Obtain approvals from Trade Middle office and Account managers to apply take in good value for current dated funds.
  • Check inward swift messages MT101, MT103, MT202 and fax/email instructions to process Outward payments
  • Email to customers with the outward swift messages on the processed payments
  • Contract FX rates with the FX dealers for conversion of currencies related to inward/outward payments.
  • Attending to customers' enquiries, providing daily customer balances and ad hoc statements
  • Prepare and collate all outward cheques for clearing
  • Process inward and outward correspondent fee charges
  • Processing of corporate time deposits, pledged deposits, FX, NDF, interest Rate Swap payments
  • Provide the customers and Fixed Income sales team with the current account closing balances to place time deposits with the bank.
  • Advise daily funding requirements for call deposits and current account balances to Treasury team.
  • Email Interest Rate Swaps, Foreign Exchange, NDF and Deposit confirmations to customers
  • Check Summit TCI reports to ensure corporate FX, IRS and NDF transactions are monitored and settled on due dates.
  • Prepare response to customers' audit confirmation requests and debit customers' account for service.
  • Administering Internet Banking Users access and attending to customers' queries.
  • Send SWIFT to investigate and/or request for more details pertaining to unrecognized funds in Nostro accounts and follow up with nostro agents on payment issues.
  • Make payments to vendors/suppliers as instructed by Financial Control.
  • Keep track of non-compliant signing process performed by customers
  • Update specimen signatures of customers in the shared folder
  • Control and ensure the processors execute the Inward and Outward payments before cut-off time based on inward/outward swift messages, emails/fax messages received.
  • Reconcile all suspense entries for remittance transactions
  • Attend to queries from Accounts Managers
  • Co-ordinate the workflow among the team members


Reporting Line

Reports directly to the Head of Capital Markets Operations & Remittances


If you are keen on this role, please apply now or send a copy of your CV to Sheila Yeo -

Please be informed that only shortlisted candidates will be contacted.

Thank you.


Morgan McKinley Pte Ltd

EA Licence No: 11C5502

EAP Registration No: R1985893


Consultant Details

Consultant Details

Sheila Yeo
Sheila Yeo
  • Consultant | Banking Operations Recruitment
  • +65 6818 3150